Unifi (NYSE:UFI) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Unifi, Inc. (NYSE:UFI)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.94 and traded as low as $3.55. Unifi shares last traded at $3.5840, with a volume of 7,537 shares changing hands.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Unifi in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Unifi from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Unifi Stock Up 0.1%

The company has a quick ratio of 1.93, a current ratio of 3.99 and a debt-to-equity ratio of 0.40. The stock has a market cap of $66.59 million, a PE ratio of -2.87 and a beta of 0.75. The firm has a fifty day moving average of $3.90 and a 200 day moving average of $3.94.

Unifi (NYSE:UFI) last released its quarterly earnings data on Tuesday, February 3rd. The textile maker reported ($0.48) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.09. Unifi had a negative return on equity of 18.45% and a negative net margin of 4.13%.The business had revenue of $121.37 million for the quarter, compared to the consensus estimate of $120.18 million. On average, equities research analysts anticipate that Unifi, Inc. will post -2.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Unifi

Several hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new stake in Unifi during the third quarter worth approximately $54,000. Jane Street Group LLC acquired a new position in shares of Unifi in the 1st quarter valued at $64,000. XTX Topco Ltd purchased a new position in shares of Unifi in the 4th quarter valued at $78,000. Assenagon Asset Management S.A. purchased a new position in shares of Unifi in the 3rd quarter valued at $92,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Unifi during the 1st quarter worth $96,000. 67.67% of the stock is currently owned by hedge funds and other institutional investors.

Unifi Company Profile

Unifi, Inc (NYSE: UFI) is a global manufacturer of polyester and nylon textured yarns and fibers, specializing in both virgin and recycled synthetic materials. Headquartered in Greensboro, North Carolina, the company serves a diverse range of end markets including apparel, athleisure, home furnishings, automotive and industrial applications. Unifi’s vertically integrated operations encompass polymer extrusion, spinning, texturing, and finishing processes designed to meet the performance and aesthetic requirements of its customers.

A key differentiator for Unifi is its REPREVE® brand, a family of certified recycled performance fibers made from post‐consumer plastic bottles and other waste streams.